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I'm one of the posters over on the housing bubble blog. I do feel some angst. Not because I feel I am missing out on gains- I know for sure the housing bubble is going to bust and mess everything up.I feel angst because I am surrounded by idiots who keep telling me how great their housing gains are when we all know that what they see is paper profits. I went through the same thing during the dot com bubble ! All the idiots tell me at parties about how I was missing out on 200% increases on IPO day and how all the "new economy" stocks were surely worth 100x earnings, even though they didn't have any !I've tried reasoning with a few of these people. I got into a heated argument with a couple my wife and were friends with. It turns out they didn't even understand simple interest. They thought that the balance on a 20 year mortgage was 50% after 10 years ! Yikes !

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SeverityMinor

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PlatformApache/2.2 Server, PHP5.2

Version0.0912

Buildstreber_v0.0912

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I'm one of the posters over on the housing bubble blog. I do feel some angst. Not because I feel I am missing out on gains- I know for sure the housing bubble is going to bust and mess everything up.I feel angst because I am surrounded by idiots who keep telling me how great their housing gains are when we all know that what they see is paper profits. I went through the same thing during the dot com bubble ! All the idiots tell me at parties about how I was missing out on 200% increases on IPO day and how all the "new economy" stocks were surely worth 100x earnings, even though they didn't have any !I've tried reasoning with a few of these people. I got into a heated argument with a couple my wife and were friends with. It turns out they didn't even understand simple interest. They thought that the balance on a 20 year mortgage was 50% after 10 years ! Yikes !

I'm one of the posters over on the housing bubble blog. I do feel some angst. Not because I feel I am missing out on gains- I know for sure the housing bubble is going to bust and mess everything up.I feel angst because I am surrounded by idiots who keep telling me how great their housing gains are when we all know that what they see is paper profits. I went through the same thing during the dot com bubble ! All the idiots tell me at parties about how I was missing out on 200% increases on IPO day and how all the "new economy" stocks were surely worth 100x earnings, even though they didn't have any !I've tried reasoning with a few of these people. I got into a heated argument with a couple my wife and were friends with. It turns out they didn't even understand simple interest. They thought that the balance on a 20 year mortgage was 50% after 10 years ! Yikes !

I'm one of the posters over on the housing bubble blog. I do feel some angst. Not because I feel I am missing out on gains- I know for sure the housing bubble is going to bust and mess everything up.I feel angst because I am surrounded by idiots who keep telling me how great their housing gains are when we all know that what they see is paper profits. I went through the same thing during the dot com bubble ! All the idiots tell me at parties about how I was missing out on 200% increases on IPO day and how all the "new economy" stocks were surely worth 100x earnings, even though they didn't have any !I've tried reasoning with a few of these people. I got into a heated argument with a couple my wife and were friends with. It turns out they didn't even understand simple interest. They thought that the balance on a 20 year mortgage was 50% after 10 years ! Yikes !